White House looks to relax rules for workplace retirement plans

White House looks to relax rules for workplace retirement plans

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If it were easier for small businesses to band together to offer sponsored retirement plans, would more workers begin saving?

The White House is betting so, announcing on the eve of Labor Day an executive order aimed at lowering the barriers for small companies to participate in multi-employer plans.

“This is mostly a problem at small businesses,” James Sherk, special assistant to the president for domestic policy, told reporters on a conference call previewing the presidential directive.

https://www.benefitnews.com/news/trump-to-relax-small-business-retirement-401k-plans

 

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